POWERGRID acquires 74 percent stakes of Jaypee Powergrid

With the acquisition of 74 percent stakes, Jaypee Powergrid becomes a wholly-owned subsidiary of POWERGRID.

POWERGRID (Power Grid Corporation of India Limited) has signed a share purchase agreement with Jaiprakash Power Ventures Limited (JPVL) to acquire  74 percent stake in Jaypee Powergrid Limited-JV (JPL) in which POWERGRID holds  26 percent equity. JPL will become a wholly-owned subsidiary of POWERGRID  following this acquisition.

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